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Jan 28, 2013
01/13
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it set a more effective tax system. it reduced taxes going forward. and i think we could have had a booming environment. i may be wrong. that's my own personal belief. if we had a grand bargain, america will take off. i think it's very important for america to get strong. the rest of the world needs us to. europe still has its issues. i think it's important that america kind of took the lead here. >> what does your gut tell you about all of this money moving into stocks recently? do you think this is sustainable? >> yeah, if the economy grows, it's sustainable. you know, it's not just america, it's european, japanese and chinese companies. but you're still buying them at fairly good prices. and your alternatives aren't really that good. so, yes, i'm comfortable owning stocks right now. >> my thanks to jamie di plrksz on. >>> the state of business, the state of investors and the state of europe all part of the conversation here this week from citi ceo to a billionaire philanthropist. here's what they had to say. >> our strategy is really focused around
it set a more effective tax system. it reduced taxes going forward. and i think we could have had a booming environment. i may be wrong. that's my own personal belief. if we had a grand bargain, america will take off. i think it's very important for america to get strong. the rest of the world needs us to. europe still has its issues. i think it's important that america kind of took the lead here. >> what does your gut tell you about all of this money moving into stocks recently? do you...
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Feb 1, 2013
02/13
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> it is time. it is time for the "lightning round" on cramer's "mad money." i tell you whether to buy or sell. when you hear that sound, the "lightning round" will be over. are you ready? it's time for the "lightning round" on cramer's "mad money." let's go to marco in florida. marco. >> caller: boo-yah!
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority...
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Jan 29, 2013
01/13
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and don't do it just with higher taxes. that's just one of the results of the exclusive cnbc fed survey. i knew some of this -- so that's what you were talking about, steve. >> yesterday, yeah. >> we were looking for maybe the most -- the one that really jumps out and that is the number of people that say, you know, we do have a spending problem. >> you know, joe, it's the first day of a two-day fed meeting. that means it's time for the fed survey and almost always we start our lead hit is about what the market thinks we're going to do with the fed. but this time, as you said, the results jumped out so starkly, so amazingly that we want to just give you those results of the deficit and spending questions that we asked. so let's take a look at the three questions on spending that we did here. and you can see, as joe said, the message to washington, from wall street to washington is solve the deficit now. we asked, do you think we should solve the deficit problem, not at all? do we have a couple years to do so or should we do
and don't do it just with higher taxes. that's just one of the results of the exclusive cnbc fed survey. i knew some of this -- so that's what you were talking about, steve. >> yesterday, yeah. >> we were looking for maybe the most -- the one that really jumps out and that is the number of people that say, you know, we do have a spending problem. >> you know, joe, it's the first day of a two-day fed meeting. that means it's time for the fed survey and almost always we start...
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Jan 31, 2013
01/13
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guys, it is tax time. and td mare tried just put out a survey on how you want the government to spend your hard-earned cash. joining me now is retail distribution. everyone wants something for their money, right? what do americans feel about how they would like the government to spend their hard-earned tax dollar? >> one of the number one things, mandy, is they wanted the government to decrease the health of cost care and the other is to pay down pet. and they are craving our government to elame nate and get responding on the whole, people do not tax hikes? they do not putting in a little bit more if they feel that they are getting a little bit more back? >> i think actually in the u.s., we just don't like to pay taxes. >> i think you will find that in every country and the world. maybe. but what we see is people don't mind paying more as long as it isn't going to waste. they also want to see reduction in spending to offset that and balance the budget. >> what is the mind-set in terms of what people will d
guys, it is tax time. and td mare tried just put out a survey on how you want the government to spend your hard-earned cash. joining me now is retail distribution. everyone wants something for their money, right? what do americans feel about how they would like the government to spend their hard-earned tax dollar? >> one of the number one things, mandy, is they wanted the government to decrease the health of cost care and the other is to pay down pet. and they are craving our government...
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Jan 24, 2013
01/13
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. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the problem and that's the issue. on taxes, maria, i think we do have an opportunity to engage in that kind of discussion. we've got this sequestration that will hit march 1st. we have a continuing resolution that will come at the end of that month. there are all kinds of trigger points, if you will, that will facilitate more of these discussions and hopefully will lead to a much broader solution than just going about these kind of discretionary cuts. >> let me get your take on the low hanging fruit in terms of spending cuts. medicare, medicaid, social security, health care costs, the drivers of the debt. w
. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the...
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Jan 25, 2013
01/13
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payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents
payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little...
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Jan 31, 2013
01/13
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financiervices. >>> facebook >>> facebook reports better than expected earning and revenue but the stock falls anyway. julia borsten is here live from los angeles to explain it. good evening. >> hello to you, larry. facebook did beat on the top and bottom line but the real headlines were all about mobile. zuckerberg talked about the fact that for the first time facebook's daily mobile users exceeded desk top users. facebook says the shift to mobile has been challenging but is a massive opportunity. in the quarter, mobile ad revenue doubled from
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through...
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Jan 30, 2013
01/13
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. some people want to make friends. i'm just trying to help you make a little money. my job isn't just to entertain but to educate and teach. call me at 1-800-743-cnbc. the dow jones average is just a stone's throw from 14,000. headed to its all time high that we reached five years ago. the index which rallied 72 points along with s&p and nasdaq 52.2% is in rarified territory for certain. yet the chatter it remains skeptical. as i've said many a time, i'm never going to criticize the skepticism. i applaud it. it is a quali
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>>...
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Feb 1, 2013
02/13
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. ♪ shimmy, shimmy chocolate. ♪ shimmy, shimmy chocolate. ♪ we, we chocolate cross over. ♪ yeah, we chocolate cross over. ♪ [ male announcer ] introducing fiber one 80 calorie chocolate cereal. ♪ chocolate. >>> welcome back. so remember when president obama's union croonies publicly supported obama care package? that was then. now that big labor has actually had a chance to read the
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little...
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Jan 24, 2013
01/13
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he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50 million, taxes hurt. >> other people who have moved around and we talked about tiger woods, what about lebron james? he was a great basketball star in cleveland. when he went to florida to the miami heat, a lot of people in new york said to avoid new york tax rates. anything to that? >> i think obviously there's no doubt when you're signing hundred million dollar contracts having no individual income tax is a big deal but this guy is going to be a billionaire someday. he had more control over putting this team together, there was more freedom over what players could go there. i trip it's always a factor. the
he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50...
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Jan 28, 2013
01/13
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this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready
this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long,...
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Jan 30, 2013
01/13
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would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthiest area of the country for several weeks and caused what ultimately may be $100 billion in damage. you had the physical shutdown from the storm neatly and miserably dovetailing with the mental shutdown cause
would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay....
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Jan 28, 2013
01/13
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yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're trying to get a few chinese buyers to look at florida. they have not looked at florida at all. miami, palm beach, or any big hot spot. we're trying to get them interested there. if they do get interested, that becomes a super surge in that market. >> and what's your sort of sales pitch? do you think that once you buy into a place like new york or california that the values stay pretty steady? i mean, what's the sales pitch buying into these big cities? >> i think b the rental is very good if you want the exit strategy of a rental. they're go
yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're...
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Jan 31, 2013
01/13
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they raised cash knowing they might need that cash to pay much higher taxes, the taxes that a failed attempt to fix the cliff would produce. a huge amount of dough moved to the sidelines immediately. companies themselves accelerated dividend payouts, putting tens of billions of dollars into the hands of shareholders who had no idea what to do with the money other than sit on it. so we came into the new year and we were paralyzed. inventories lean, huge part of the country damaged by a storm, totally dysfunctional food fight animal house government, and we're brimming with cash everywhere, for the biggest rainy day of all, the day we jumped over the cliff. but then we don't do the cliff dive. and contra to stock seer bob dylan, the hard rain, it didn't fall. in fact, we didn't get that much. we didn't get dinged except for the rich, who are the most able to handle it. all right, yeah, i can make a big deal about payroll tax thing, that's no problem. nevertheless, it's a small fraction of what we really feared. stocks kept their favored status, including relatively low taxes on dividen
they raised cash knowing they might need that cash to pay much higher taxes, the taxes that a failed attempt to fix the cliff would produce. a huge amount of dough moved to the sidelines immediately. companies themselves accelerated dividend payouts, putting tens of billions of dollars into the hands of shareholders who had no idea what to do with the money other than sit on it. so we came into the new year and we were paralyzed. inventories lean, huge part of the country damaged by a storm,...
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Jan 31, 2013
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there's taxes on investment income. there's taxes on devices. there's taxes on drugs, and all of that flows through ultimately to premium that employers have to pay for their employees. that's going to get reflected in the cost of their prices to consumers, so ultimately it gets right back to the consumer. >> you said on "the call" today some companies are trying to avoid health coverage by reducing employees' hours. i'm wondering if that's one of the unintended consequences of this whole thing of what we need to consider and what the broad implications might be on the overall employment picture as a result of affordable care act. >> well, i think that one of the things that we always know about regulation, that as long as we're part of a free market, which is what our country is, that people are going to find a way to fix it to work for them economically, and so one of the things that we will see in the service industries, particularly hospitality and retail, is we're going to see people shorten hours on some of their employees to below 30 hour
there's taxes on investment income. there's taxes on devices. there's taxes on drugs, and all of that flows through ultimately to premium that employers have to pay for their employees. that's going to get reflected in the cost of their prices to consumers, so ultimately it gets right back to the consumer. >> you said on "the call" today some companies are trying to avoid health coverage by reducing employees' hours. i'm wondering if that's one of the unintended consequences of...
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Jan 28, 2013
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. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. sic: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ ♪it's so important to make someone happy.♪ ♪make just one heart to heart you - you sing to♪ ♪one smile that cheers you ♪one face that lights when it nears you.♪ ♪and you will be happy too. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should
. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. sic: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ ♪it's so important to make someone happy.♪ ♪make just one heart to heart you - you sing to♪ ♪one smile that cheers you ♪one face that lights when it nears you.♪ ♪and you will...
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Jan 25, 2013
01/13
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in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all the oils because more oil will be used when things get better sending the hesses and conocos higher with them. that's how schlumberger can be ten points above where it was when it pre-announced a shortfall. and, of course, any uptick in employment has huge implications for autos and for homes where for a couple of years we were building homes at a rate that came in under what we were building when we had half as many people in this country. more homes means more retailers doing business to fix those homes, and it means more businesses for the banks, the processed home loans and that group gets
in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all...
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Feb 1, 2013
02/13
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one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very
one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging...
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Jan 28, 2013
01/13
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the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still think unfortunately washington and the ranker and the political system remains one of them. >> it sounds you're not as worried about washington. >> we're sadly becoming immune to their antics. >> we'll leave it there. good to see you. thank you so much. >>> about ten minutes to go before we close it up on monday on wall street here. dow jones industrial average still hanging in just below 13,900. >>> well, it has been the feud that continues to be the buzz on wall street. >> and in 2003 i get a call from this ackman guy. he's like the cry baby in the schoolyard. >> carl icahn does not ha
the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still...
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Jan 29, 2013
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fifteen minutes could save you fifteen percent or more. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hiltondouble.com.
fifteen minutes could save you fifteen percent or more. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hiltondouble.com.
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Jan 26, 2013
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we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have fabulous years. that's where you want to put your money, my friend. >> i was reporting in 2007 when we hit dow 14,000 and everyone got slammed on that. there's a hesitance at these levels. what's not getting talked about enough is the impact on consumer sentiment. if you go to any coffee shop, grocery store, anywhere in this country, people are looking at their 401(k), they feel better and i think that will translate into positive consumer spending, which filters into the whole economy. >> the retail investors is getting involved. the money flows are ramping up tr
we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have...
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Jan 30, 2013
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the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark zuckerberg talk about mobile. he really, you know, he kicked off the call emphasizing this was a really big year for mobile. emphasizing the fact now more people are using facebook on mobile every day than they use facebook on the desk top. he did acknowledge this was hard for facebook to navigate but they have sort of figured that out with apps and advertising. that we have a strong foundation and a lot of momentum. so, it is really interesting. he understands that mobile is really what facebook is all about now. just a couple of quick words about those numbers, facebook did beat on the top and bottom
the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark...
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Feb 1, 2013
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tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys at this point in time. i'm not overly apt mystic as well. i might have a slightly different take on things right now. >> mike sb is there one particular cells signal i should watch for right now. >> i don't know about the previous guest ten-year target, but i think what happen says if rates rice, especially caused by the bond market self and not the fed or other central banks around the world, that could choke off u.s. economic recovery quickly. the other issue is while jobs appear to be growing they don't appear to be growing at a rate that's going to provide that big aggressive move in the h
tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys...
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Jan 29, 2013
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is it the maitai, taxes? >> because they can. he did that without profit. that man, profits are for sissies as jane and sue knows. power rundown. cnbc with jane wells. let's talk a little about reports youtube may be working on some services where you'd have to pay for certain youtube channels. julia boorstin in l.a. reports this is still in the idea phase, nothing yet set in stone. would you, jane, pay to watch youtube channels? >> well, it depends on what it is. julia says they have been trying to figure out for years how to monetize, google and youtube trying to figure out how to do this. if it was ashton kutcher and he had special stuff i might pay a dollar. lady gaga, no. it all depends. i don't subscribe to hulu, for example. >> sue? >> i completely agree. depends on what it is. frankly probably not. i don't have a lot of time to watch that stuff anyway. so probably not. i really wouldn't -- i don't think it's worth it. >> let's talk about -- >> i do like the cat videos. i watch the cat videos and they will still be free. >> i'll give thank you. that'
is it the maitai, taxes? >> because they can. he did that without profit. that man, profits are for sissies as jane and sue knows. power rundown. cnbc with jane wells. let's talk a little about reports youtube may be working on some services where you'd have to pay for certain youtube channels. julia boorstin in l.a. reports this is still in the idea phase, nothing yet set in stone. would you, jane, pay to watch youtube channels? >> well, it depends on what it is. julia says they...
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Feb 1, 2013
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would i have said had we not had any contractionary moves, the ending of the payroll tax cut and also the sequester, whatever cut we see coming out of there, i would have said probably close to 3% because of the kick up in the housing market. clearly there's a rebound there that's very, very good news. when you factor in the drag we'll get at the end of the tax cut and we don't know exactly what we'll see in sequester-related cuts, that will approximate some off gdp growth, so maybe 2 or upped. not a good story. >> it's a question of balance. >> if that's the case, and would i like to know whether you agree with that, ken, the question is this market priced for perfection, and are we poised for a decline given the fact that the economy won't keep up with expectations? >> i think the risks are balanced. weak growth, moderate growth, and i agree 2%, though maybe towards the end of the year it will be looking better, but, you know, i don't think we're like really likely to swing in recession neglecting the q4 gdp number. growth could turn out to be better. i think it's balanced risk, mod
would i have said had we not had any contractionary moves, the ending of the payroll tax cut and also the sequester, whatever cut we see coming out of there, i would have said probably close to 3% because of the kick up in the housing market. clearly there's a rebound there that's very, very good news. when you factor in the drag we'll get at the end of the tax cut and we don't know exactly what we'll see in sequester-related cuts, that will approximate some off gdp growth, so maybe 2 or upped....
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Jan 25, 2013
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that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on the taxing side but certainly on the expenditure side. i'm dying to hear the -- to hear the expenditure and less spending side. i agree with that. but i'm not -- i'm not -- i wouldn't use the term disappointed until this whole process is over. i don't think we're in the -- i don't think we're in the seventh inning of this process. >> yeah. >> because at this point, we're -- >> at this point we're at, you know, simpson-bowles and rivlin domenici and the gang of all of these the idea was to get rid of a lot of the deductions and loopholes, so that you could broaden the base with a lower
that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on...
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Jan 24, 2013
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avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s. consumer. u.s. jobs. i mean just in the downstream value added industries which i'm a part of $96 billion of investment already announced. 5 million new jobs over the next five years. huge value adder to a low-cost energy base. >> i don't know if you saw the president's inauguration speech. >> i caught part of it. >> do you feel that this administration, and forget about the administr
avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your...
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Jan 30, 2013
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>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to the consumers, build some of the fulfillment centers there and offer some of the amazon conveniences. >> and i think amazon is actually behind some sort of a compromise that would bring you revenue on a per state basis at least. >> right. it is going to affect the bottom line ultimately. >> it -- i think so. i think that there's a lot of areas in investment i think for amazon below the gross profit line. i think we focus a lot, investors focus a lot on that story. but i think when you think about the investments that they're doing on their web services side, all the dna that gets associated with that, that is -- you kno
>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to...
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Jan 31, 2013
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corporate tax system. it's very dysfunctional, and it retards investment and investment, in turn, is what creates gdp growth and jobs. >> yet we were going to do that i think. i think simpson-bowles told us to do that. do you know where we are in that, andrew we've talked about it a few times. where are we on the -- >> nowhere. nowhere. we're nowhere. >> wee nowhere on the tax -- once we got that 39.6 on the high end, we're not even talking about taxes anymore. right? it's like -- i don't know what happened to all the other recommendations of simpson-bowles. but, do you think that we will talk about them again at some point? >> well, i think we'll talk about them. the president came to the business roundtable not long ago, and stated unequivocally, he's for corporate tax reform. including a lower rate and a modified territorial system. the secretary of the treasury has said that. >> the new one or the old one? >> well, i don't know about jack lew, but i know timothy geithner was in favor of it. >> okay. >>
corporate tax system. it's very dysfunctional, and it retards investment and investment, in turn, is what creates gdp growth and jobs. >> yet we were going to do that i think. i think simpson-bowles told us to do that. do you know where we are in that, andrew we've talked about it a few times. where are we on the -- >> nowhere. nowhere. we're nowhere. >> wee nowhere on the tax -- once we got that 39.6 on the high end, we're not even talking about taxes anymore. right? it's...
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Jan 28, 2013
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increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of months. >> it's extraordinary because if you say this is a 1.5% drag which is roughly some of the estimates i've seen lately on this and where gdp is almost in the 2.5% range that would suggest we're somewhere in the growth of 1.4%. you could understand why markets are doing better. but unfortunately the what could have or should have doesn't matter too much. if it's the opposite, it will be are reminder of how growth was in the fourth quarter. >> i think the ee zester and the tax increases will take the top off of growth. i think we would have been looking at a very good year, very strong year if
increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of...
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Jan 31, 2013
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had michelle meyer here yesterday saying q-1 gdp might see a slight setback because of the payroll tax increase hitting the consumer. second quarter will see the impact of sequestration. that is the conventional wisdom right now we will have the automatic spending cuts. >> if you look at the personal next number, that was very, very bullish. the fed is doing -- and i think, getting what they want. you could make an argument that if you look at the first kind of two, three of the asset buying, essentially they didn't work. we are now actually seeing traction. that's a function of the market slowly recovering or what the fed is doing is finally working. i think it's a little bit of both. but again, you are getting healing. you are getting household wealth higher. this is one of the things they were targeting. >> right. okay. i believe that rebecca's issues are fixed. >> can you hear me now? >> we thought we might be able to mime, you know, you could mime your answers, but you know, having audio is much better. >> you guys are great lip readers. that was exactly what i said. >> see that?
had michelle meyer here yesterday saying q-1 gdp might see a slight setback because of the payroll tax increase hitting the consumer. second quarter will see the impact of sequestration. that is the conventional wisdom right now we will have the automatic spending cuts. >> if you look at the personal next number, that was very, very bullish. the fed is doing -- and i think, getting what they want. you could make an argument that if you look at the first kind of two, three of the asset...
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Jan 25, 2013
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it's not till november that the tax laws allow that to be. i do believe it's going to blow a quarter. i think mtw should split itself up into two separate companies. food, service, and cranes. remember those ice machines when you go out to -- ice machines, you feel like you're getting something for free. it's really water. we also get results from beemus. its tom symbol is bms, which stands for buy my stock. here's the stock i mentioned earlier this week as part of the brand new bull market in packaging of all things. you're going to sey 15id that. i'm expecting a very good quarter after the close. we get the new one, the ipo, barry plastics. the other packaging bull market player. i think there's a lot to like here too. on the lookout for both of these. if buy my stock goes down ahead of when it reports, buy its stock. all right. now, on friday morning i think you're going to see the contrast between the world's largest oil company, exxon, which has truly become a serial disappointer, and chevron, which has become a company that delivers som
it's not till november that the tax laws allow that to be. i do believe it's going to blow a quarter. i think mtw should split itself up into two separate companies. food, service, and cranes. remember those ice machines when you go out to -- ice machines, you feel like you're getting something for free. it's really water. we also get results from beemus. its tom symbol is bms, which stands for buy my stock. here's the stock i mentioned earlier this week as part of the brand new bull market in...
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Jan 24, 2013
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obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they are. so, i think there's a real sense of urgency now to get a consensus on tax reform, to have a simpler and fairer systems to deal with areas were there's consensus. believe it or not, despite all the fighting in washington, there's a great consensus that we need tax reform and i think there's a growing consensus about even the elements to it. >> well, tax reform, the question is the tax tape, do you thank you obama is shifting the debate now, that there is going to be far more taken in greater taxes for the wealthy and far less in spending cuts because that is the cret rick? >> difficult to predict.
obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they...
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Jan 24, 2013
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the tax rates will serve as an anti-stimulus. >> i'll talk about mobile because that's a big growth area for your business. as tablets become much, much more popular out there, what are some of the solutions that verifone offers? and how does that change, more importantly, the mix, and how does it shift the mix in your hardware business? >> well, checking out is not the only place that you pay now, you can pay throughout the store, you can pay in an aisle, you can pay at a roadstand, so our business is flourishing with a number of mobile products for clienteling, which bring the retail clerk and the consumer closer together for opportunities to order off of e-commerce websites in the store to fulfill inventory shortages that you might not have at that time. inventory management, et cetera. so retailers are looking to us for more than just a traditional verifone point of sales systems at the checkout counter, but they're looking for technology throughout the store. that's going to be a very good driver for us in 2013 and 2014. >> do the two solutions coexist or is a replacement of the poi
the tax rates will serve as an anti-stimulus. >> i'll talk about mobile because that's a big growth area for your business. as tablets become much, much more popular out there, what are some of the solutions that verifone offers? and how does that change, more importantly, the mix, and how does it shift the mix in your hardware business? >> well, checking out is not the only place that you pay now, you can pay throughout the store, you can pay in an aisle, you can pay at a...
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Jan 31, 2013
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ahead of the tax years, 268 billion in december of 2012. of course, we will pay for this surge, the surge in dividends at & ul rate, borrow from this year, dividends rising, still a ways to go to get back to the '08 level. but if we ever do, but this surely means fewer dividend payments for the rest of this year. there is an upside of this, of course, helps government revenue. the treasury having its best december since that tame 2004 december month with a gain. that is up from december a year ago there is the chart that we are talking about this is the month on month year-on-year change for december, going back to 1994. of course this dividend sloshing around could help stocks in january if it's not spent, got to be invested. some ends up in stocks, see if some ends up in spending. >> interesting. you got to wonder if the rotation into stocks out of bonds was that or if it was rotation out of dividend payment nice stocks. >> some people plot it back in, go back into stocks. >> your thoughts on mfp tomorrow and the degree which the last few
ahead of the tax years, 268 billion in december of 2012. of course, we will pay for this surge, the surge in dividends at & ul rate, borrow from this year, dividends rising, still a ways to go to get back to the '08 level. but if we ever do, but this surely means fewer dividend payments for the rest of this year. there is an upside of this, of course, helps government revenue. the treasury having its best december since that tame 2004 december month with a gain. that is up from december a...
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Jan 24, 2013
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so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i think the key things to take away from davos is we're becoming the innovative leader and many of the concepts appear to be paying out very well for us. >> so what makes more sense for you right now, dividends, increase or a buyback? >> we're going to poll our shareholders. we've committed to giving you 50% back. >> thank you for join onning the program. >> we so appreciate it. >> thank you. now, look, we were going to talk about this but while we've got maria here, derek jeter, right? >> yes. he came to see me at dinner last night. i was talking about when i threw the
so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i...
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Jan 31, 2013
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interestingly here, the taxes are just and for somebody in new jersey, there is a key, 4300 on that $800 thousand home. let's move to the last one stepping up above to $1.1 million. 600, 30 pj street in st. pete. >>> ty, counting down to super bowl xxxxvii. . brian? >> sue, the sun is out. league is ready. nfl is about squeezing revenue from everywhere. coming up on "power lunch." few places that they get money from you might not expect. we'll be right back. that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> maybe you've heard this. 49ers taking on the ravens. so much is made of the commercials during the game but is the big money really made on the field? brian is live in new orleans. brian? >> tyler, of course. tommy thom
interestingly here, the taxes are just and for somebody in new jersey, there is a key, 4300 on that $800 thousand home. let's move to the last one stepping up above to $1.1 million. 600, 30 pj street in st. pete. >>> ty, counting down to super bowl xxxxvii. . brian? >> sue, the sun is out. league is ready. nfl is about squeezing revenue from everywhere. coming up on "power lunch." few places that they get money from you might not expect. we'll be right back. that has...
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Jan 29, 2013
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i went out of france for tax reasons. you know that. spain might be even more trying to reduce its public deficit over the next couple of years. european officials will not make a decision until next month when they will assess the spanish austerity program on the 22nd of january. it was explained that europe information would have to take into account the growth prospect of the fiscal space for each country in europe and could, indeed, soften the spanish deficit target if the economy continues to contract. that's precisely what we are expecting because for the fourth quarter, we are expecting the spanish gdp to shrink by 0.4%. for the time being, spain has a deficit target of 4.5% for 2013. that seems to be really ambitious if not out of reach. because to meet this new target, the government would need to find $20 billion of additional euro cut. that won't help the spanish economy to go out of recession. for that reason, oli rehn thinks spain will need some incentive from stimulus measure toes improve its economy and boost its labor ma
i went out of france for tax reasons. you know that. spain might be even more trying to reduce its public deficit over the next couple of years. european officials will not make a decision until next month when they will assess the spanish austerity program on the 22nd of january. it was explained that europe information would have to take into account the growth prospect of the fiscal space for each country in europe and could, indeed, soften the spanish deficit target if the economy continues...
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Feb 1, 2013
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tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats have to recognize the best way to do it isn't raising marginal rates and underwriting an inefficient system. >> as someone who spent last week at davos and he said that he talked to a large number of european ceos who are eager about investing in the united states because of our projected suspensionly lower energy policy because of shell of course we're going to get out of our way and saying let them do it. but that's encouraging that they can think about moving plants here now. >> absolutely. i was at davos, too, and the most
tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats...
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Jan 28, 2013
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over the weekend, we had some news that japan was going to rely less on debt and more on taxes. you would think that bond yields would go down on that. but you can see here, they've really popped up.if japan start of their bond market, it's going to be a big, big problem. so, you get out of the dxj if you have the ability to short japanese government bonds, do it now. >> and tim, some of the other fundment am reasons that are going on in the population of japan, people are older, they're saving less, i mean, the savings right now is the same here in the united states. 2%. >> yeah, i think this continues. i think what's fundamentally different is that japan is actually seeking to pursue a budget deficit approach. they are effectively a trade surplus, budget surplus country. they are really pushing a weaker yen. this is leading to mass currency war talk. this is a big theme in davos, something that we've been hearing out of the emerging market countries. what is interesting now, a couple of the places like brazil and south africa, have inflation issues and they cannot weaken their
over the weekend, we had some news that japan was going to rely less on debt and more on taxes. you would think that bond yields would go down on that. but you can see here, they've really popped up.if japan start of their bond market, it's going to be a big, big problem. so, you get out of the dxj if you have the ability to short japanese government bonds, do it now. >> and tim, some of the other fundment am reasons that are going on in the population of japan, people are older, they're...
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the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know you're not a stock guy, not going to give me something specific on herbalife but i know you know these guys. who's right? >> so i'll caveat my answer with the fact that i've not studied herbalife. i don't know whether -- knowing all of the different players, i've known some better than others for a long time. dan lobe is one the most talented investors in the world. he's a good friend. and i would never bet against dan lobe. so i think ackman's got a tough road from here. >> thanks for having a little fun with that. carl, you heard it there. do not bet again
the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know...
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Jan 30, 2013
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now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only way that we call -- again to grow in this next month will be the open of the credit crunch. really we have in this moment. we believe that the banks start again to give money, to give loans to the families and to give loans to companies, to call, again, a stop to working in the growing sense. in the grow impact. >> let's bring you in, as well, jane. the europe doesn't care, up 135, the highest since december, 2011. >> you look at spanish data, perhaps it's not so surprising that we're getting bad spanish data. perhaps it's surprising that we see yields come down. greek yields below 10%. the market is on its risk appetite high. almost the bad news and there is plenty of it has been disregarded in the market's current move. for instance, the imf forecasts last week. they revised lower for the world. at the end of last year, the ocd -- >> is there a sense that the worse the data gets, the clo
now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only way that we call -- again to grow in this next month will be the open of the credit crunch. really we have in this moment. we believe that the banks start again to give money, to give loans to the families and to give loans to companies, to call, again, a stop to working in the growing sense. in...
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Jan 30, 2013
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business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense stocks reacting to the 22% reduction in defense spending by the government in the fourth quarter? jane wells has details in l.a. jane? >> tyler, defense spending down. after reporting descent guidance and returning lots of cash to investors, saying quote i can't recall a time of greater uncertainty. raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march. pentagon spending, as you can see, never 22%. cuts included 43% cuts to ships. 90 percent in weapons support. but look, 64% jump in missile spending. good f
business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense...
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Jan 31, 2013
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we've seen the beginnings of the tax side of that, now we have to see the spending cut side of that. it will be hard and grind out and ultimately just like we believe the baby grand bargain will be achieved the work will be done and we'll get there. >> can the market rally unless we get that? if we don't get that until the fall time frame what does that mean for the market overall? >> i think we can rally. earnings are good. we're expecting a tick-up this year in the u.s. economic growth through about 2.5%. we think global growth can go from 3% to 4%. all of that creates a solid underpinning and what comes in to create that reallocation in a big way is the deal in washington, is the grand bargain and the transparency as well as clarity on fiscal policy. >> great to have you. keith banks, u.s. trust president right here. >>> all right, our market discussion doesn't end here. coming up this hour, double line capital's bonnie baha discusses bonds and whether there is a bubble in fixed income. let's go over to julia boorstin in l.a. for some news on facebook. >> facebook is getting into
we've seen the beginnings of the tax side of that, now we have to see the spending cut side of that. it will be hard and grind out and ultimately just like we believe the baby grand bargain will be achieved the work will be done and we'll get there. >> can the market rally unless we get that? if we don't get that until the fall time frame what does that mean for the market overall? >> i think we can rally. earnings are good. we're expecting a tick-up this year in the u.s. economic...
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Jan 26, 2013
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government stimulus in japan now in order to help pull them out of a recession, and then there's also a new tax change that's being put in place in roughly 2014. so there's some additional spending taking place there. but i think that the rebuilding that's taking place today as you comment is very different from what took place after the kobe earthquake. >> i've got to tell you, dan, this is the best i've seen your company. you've got the real estate trust structure. thank you so much. it's perfect. great to see you, sir. >> great to talk to you, jim. thanks. >> my charitable trust sold it. after listening to what i just heard, we shouldn't have sold. this is just a really good stock. wy is really, really right. dan fulton's got it together. stay with wy. stay with cramer. >> coming up, clash of the titans. missed the sparks fly on cnbc today? >> carl, you want to bid for the company, go ahead and bid for the company. >> you don't have to tell me what i'm free to do. >> two big money managers are clashing over herbalife. cramer's translating all the lingo to let you know what it all means for t
government stimulus in japan now in order to help pull them out of a recession, and then there's also a new tax change that's being put in place in roughly 2014. so there's some additional spending taking place there. but i think that the rebuilding that's taking place today as you comment is very different from what took place after the kobe earthquake. >> i've got to tell you, dan, this is the best i've seen your company. you've got the real estate trust structure. thank you so much....
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Jan 28, 2013
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this does include taxes, and it is a hotel. but it doesn't include your mortgage. you're paying $95 million. and then what do you pay -- >> during the commercial break i guessed 17 grand a month. >> i would like to raise that -- >> 17 grand a month? >> to 55 grand a month. >> very close. 60,000 a month in monthly maintenance fees. now that does include twice -- it includes maid service and a spa and some other things. so you're paying $95 million and then you're paying $60,000 a month in maintenance. but we bring you through all kind of apartments tonight. $160 million worth of real estate in new york. >> are these places back? i mean for awhile things crashed and nobody could afford these places. are they really back? because we still talk about how on wall street those pay packages are coming back. >> that's what everyone was saying a year ago, two years ago. two things happened. one is foreign money. i mean one of the great things about this show tonight is we bring you through with a russian buyer as he's in central park west. the russians, the chinese, the lat
this does include taxes, and it is a hotel. but it doesn't include your mortgage. you're paying $95 million. and then what do you pay -- >> during the commercial break i guessed 17 grand a month. >> i would like to raise that -- >> 17 grand a month? >> to 55 grand a month. >> very close. 60,000 a month in monthly maintenance fees. now that does include twice -- it includes maid service and a spa and some other things. so you're paying $95 million and then you're...
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Feb 1, 2013
02/13
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no suggestion there was any motivation about the proposed 57% tax. >>> and we're just about two days away from one of the biggest sporting events in america. the super bowl. the baltimore ravens and the san francisco 49ers are battling it out. there will be plenty of auction off the field. brian shactman has been taking a look at the business of advertising ahead of the big game. >> everyone has their choice for what they consider a classic super bowl ad. whether you like contact, any use of the force, as well as inanment objects knowing how to get down. >> it's that kind of party. hit it. >> the super bowl is one part football, one part tailgate and one part cultural super bowl phenomenon dating back 30 years. >> when we all saw that 1984 xlushl for apple, i think that's when we really all started to loot a commercials in a different light for the super bowl. >> fast forward to 2013 and the ads are scrutinized as much as the game and the cost is enormous. mercedes benz made an eight-figure commitment and brought in super model kate upton to launch an entirely new line of cars. >> it
no suggestion there was any motivation about the proposed 57% tax. >>> and we're just about two days away from one of the biggest sporting events in america. the super bowl. the baltimore ravens and the san francisco 49ers are battling it out. there will be plenty of auction off the field. brian shactman has been taking a look at the business of advertising ahead of the big game. >> everyone has their choice for what they consider a classic super bowl ad. whether you like...
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Jan 28, 2013
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we will see a huge increase in gdp and after tax income in the fourth quarter mainly december, at least 100, 120 billion of extra income from 2013 recognized in december to beat the higher tax brackets, capital gains increase. so, in other words, the economy now feels like 20% increase in take home pay has been given to the economy. it feels good. the problem with that, that income was going to be recognized this year, no longer here to be recognized. we're seeing a slowdown in income as we come forward. the best theater on tv to me wasn't to social inept types, but the fact that some of your -- the guests this morning, from companies were being like, do you see an increase in the economy? are things growing or things better? they're selling stock in aggregate, not buying stock anymore. to me, that means companies do not see what's going on as an improved economy. one more point if i can. >> yes. real quick. >> i'm sorry. >> go on. >> real estate. interest rates up on 10 years, refi of stock. the real estate market was a big add to qe-1 last year and a negative to qe-1 this year. >> chu
we will see a huge increase in gdp and after tax income in the fourth quarter mainly december, at least 100, 120 billion of extra income from 2013 recognized in december to beat the higher tax brackets, capital gains increase. so, in other words, the economy now feels like 20% increase in take home pay has been given to the economy. it feels good. the problem with that, that income was going to be recognized this year, no longer here to be recognized. we're seeing a slowdown in income as we...